This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. These returns cover a period from January 1, 1988 through September 4, 2023. Zacks Rank stock-rating tio markets forex broker review system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.

The consensus rating for Chimera Investment is Moderate Buy while the average consensus rating for finance companies is Hold. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

Chimera Investment: Q1 Earnings Insights

Their CIM share price forecasts range from $5.50 to $7.00. On average, they predict the company’s stock price to reach $6.25 in the next twelve months. This suggests a possible upside of 19.3% from the stock’s current price. View analysts price targets for CIM or view top-rated stocks among Wall Street analysts. NEW YORK–(BUSINESS WIRE)–The Board of Directors of Chimera announced the declaration of its fourth quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock.

Chimere Investment Corporation is based in New York, New York, trades on the New York Stock Exchange, and works to provide attractive risk-adjusted returns via dividends and capital preservation. As of late 2022, the company had more than $3 billion in capitalization including common and preferred stock, and had paid more than $5.8 billion in dividends. According to 3 analysts, the average rating for CIM stock is “Hold.” The 12-month stock price forecast is $5.67, which is an increase of 8.83% from the latest price. Enter your email address below to receive our daily newsletter that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. According to analysts, Chimera Investment’s stock has a predicted upside of 9.03% based on their 12-month price targets. A quarterly cash dividend of $0.18 per share of Class A Common Stock.

  • Their CIM share price forecasts range from $5.50 to $7.00.
  • NEW YORK (MarketWatch) — Chimera Investment Corp. said Thursday it priced 85 million shares of common stock at $3.89 a share for proceeds of $331 million.
  • Chimera Investment declared a quarterly dividend on Thursday, August 3rd.
  • Enter your email address below to receive our daily newsletter that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news.
  • These rules limit the company’s ability to sell or hedge a large portion of its RMBS portfolio which means it may have to hold some assets it would otherwise sell.

The company was founded on June 1, 2007 and is headquartered in New York, NY. Income is generated by the net spread between the income earned on investments and the costs of financing. NEW YORK–(BUSINESS WIRE)–The Board of Directors of Chimera announced the declaration of its fourth quarter cash dividend of $0.23 per share of common stock. Chimera Investment Corporation operates as an internally-managed real estate investment trust (REIT) in the United States. The company was incorporated in 2007 with the purpose of investing in mortgage loans, asset securitization, and mortgage-backed securities.

ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Chimera Investment declared that its board has approved a stock buyback program on Wednesday, June 14th 2023, which allows the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 19% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued. Sign-up to receive the latest news and ratings for Chimera Investment and its competitors with MarketBeat’s FREE daily newsletter.

Chimera Investment Corporation (CIM)

The most recent change in the company’s dividend was a decrease of $0.05 on Wednesday, June 14, 2023. Over the past three years, the company’s dividend has not grown. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. These income-paying specialists faced tough times, and they’ve worked hard to survive. A dividend cut and a new credit facility give this mortgage REIT a new lease on life. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.

The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Plus, CIM info will be updated daily in your Zacks.com Portfolio Tracker – also free. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

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NEW YORK–(BUSINESS WIRE)–The Board of Directors of Chimera announced the declaration of its third quarter cash dividend of $0.23 per share of common stock. CIM, -1.62% shares advanced by 2.7% in premarket trades Monday after fxcm canada review the New York-based real estate investment trust named its chief legal officer Phillip J. Kardis II as CEO … The company has elected to be taxed as a REIT which is a tax-sheltered vehicle for real estate investment.

The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 2 brokers have issued 1 year target prices for Chimera Investment’s stock.

REITs are dividend-paying entities that own or finance real estate. 3 employees have rated Chimera Investment Chief Executive Officer Matthew Lambiase on Glassdoor.com. Matthew Lambiase has an approval rating of 100% among the company’s employees. This puts Matthew Lambiase in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Key Earnings Data

Chimera Investment’s stock is owned by a variety of retail and institutional investors. In an initial public offering market on life support, even China is having problems. There are many who think that following the filings of billionaire hedge fund managers and investors is a great way to build a portfolio, but there are a number of reasons why this thinking is flawed.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023. Chimera Investment’s stock was trading at $5.50 at the beginning of 2023. Since then, CIM stock has decreased by 4.7% and is now trading at $5.24. Click the link below and we’ll send you MarketBeat’s list of seven best retirement questrade review stocks and why they should be in your portfolio. Chimera Investment Corporation investors may participate in a share repurchase plan as well. Investors of Record can participate directly in the plan while Beneficial Owners may request their shares be transferred to the agent of record and become Investors of Record.

The quarterly cash dividend was payable on October 31, 2023 to stockholders of record on September 28, 2023. Chimera Investment declared a quarterly dividend on Thursday, August 3rd. Stockholders of record on Friday, September 29th will be given a dividend of $0.18 per share on Tuesday, October 31st. This represents a $0.72 annualized dividend and a dividend yield of 13.74%. Chimera Investment saw a decrease in short interest in the month of August.

The strategy not only provides a stable source of financing but also provides the flexibility to enhance returns or mitigate risk as necessary. According to the issued ratings of 2 analysts in the last year, the consensus rating for Chimera Investment stock is Moderate Buy based on the current 1 hold rating and 1 buy rating for CIM. The average twelve-month price prediction for Chimera Investment is $6.25 with a high price target of $7.00 and a low price target of $5.50. NEW YORK–(BUSINESS WIRE)–The Board of Directors of Chimera Investment Corporation announced the declaration of its third quarter cash dividend of $0.18 per common share. NEW YORK–(BUSINESS WIRE)–The Board of Directors of Chimera announced the declaration of its second quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock.